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Overview:
In 2020, the growth rate of global smartwatch market was not higher than expected due to the COVID-19, but it showed a moderate growth of 1.5% by the end of the year showing the growth potential of the market. The market, which started rebounding from the third quarter of 2020, recorded 35% QoQ and 6% YoY growth in the fourth quarter in terms of shipments.
The increasing interest in health and fitness due to COVID-19 will help the smartwatch market growth, so we expect the market to continue its healthy double-digit growth over the next three to four years. This report shows the shipments and revenues of the global smartphone market focusing on the fourth quarter of 2020, and provides an analysis of key specifications and priceband. It also contains the outlook for major OEMs.
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Published
Mar 16, 2021
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